With 21.7% CAGR, EV Fast Charging Infrastructure Market Size To Grow to $18,909.8 Million by 2030
In 2021, the electric vehicle fast-charging infrastructure market contributed $3,240.7 million, and it is projected to generate $18,909.8 million revenue in 2030, rising at a rate of 21.7% from 2021 to 2030. According to the market research study published by P&S Intelligence. It is ascribed to the worldwide growing sales of the EV, resulting in zero-emission transportation.
Moreover, public charging holds a substantial share of the industry, and it is expected to rise at a rate of 22% from 2021 to 2030, ascribed to the massive installation of public fast chargers for the adoption of EVs. Numerous EV and OEM network operators are establishing public fast chargers at hospitality facilities, retail houses, government offices, parking lots, offices, gas, fuel stations, and other areas.
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The Bipartisan Infrastructure Law has allocated around $7 billion for EV charging infrastructure development in the U.S., aiming at the deployment of 500,000 public chargers by 2030 in the country. The rising adoption of the E.V. proliferates the demand for the development of the EV charging infrastructure.
The vehicle-to-grid EV charging technology facilitates electrical energy flow in both directions, to and from power grid and plug-in electric vehicles. In addition, this technology enables electrical vehicles for storing and discharging unused energy to the grid, to the improvement of electrical component performance that adds value to electric vehicle owners.
GB/T holds the significant revenue share of the EV fast charging infrastructure industry, amounting to ~$1.2 billion, and it is expected to rise at a 20% rate in the coming future. It is attributed to GB/T DC fast-charging technology provides faster charging of up to 250 kW of power.
Moreover, superchargers are projected to experience extensive development in the coming future, as they fit the long-distance travel and intend to charge Tesla swiftly. This is why Tesla Inc. captures a larger share of the global electric car industry. Superchargers, provide lucrative opportunities to industry players. Moreover, the price drop in the Tesla models leads to their rising sales which, in turn, fuels the growth of the supercharger industry.
Browse detailed report on EV Fast Charging Infrastructure Market Growth, Development and Demand Forecast to 2030
EV fast chargers with a capacity of
Another major factor that supports the sales of
APAC holds a massive share of the industry, rising at an extensive rate of around 22.0% from 2021 to 2030. It is ascribed to the growing demand for clean transportation, resulting in surging adoption of the EV in the public fleet, which in turn, creates demand for electric vehicle fast charging infrastructure.
The major companies operating in the industry are:
1- ABB Ltd.
2- Blink Charging Co.
3- Elmec Inc.
4- Proterra Inc.
5- Valent Power
6- Hong Kong EV Power Limited
7- EVBox
8- Delta Electronics Inc.
Therefore, the rising adoption of electric vehicles leads to the growing demand for the EV fast charging infrastructure.
Market Size Breakdown by Segment
By Application
- Public
- Private
By Connector Type
- Supercharger
- SAE Combo Charging System
- GB/T
- CHAdeMO
By Charging Power
- 100–200 kW
- >200 kW
By Region
- North America EV Fast-Charging Infrastructure Market
- By application
- By connector type
- By charging power
- By country – U.S. and Canada
- Europe EV Fast-Charging Infrastructure Market
- By application
- By connector type
- By charging power
- By country – Germany, France, Italy, Spain, U.K., and Rest of Europe
- Asia-Pacific EV Fast-Charging Infrastructure Market
- By application
- By connector type
- By charging power
- By country – China, Japan, India, Australia, South Korea, and Rest of APAC
- Latin America EV Fast-Charging Infrastructure Market
- By application
- By connector type
- By charging power
- By country – Brazil, Mexico, Colombia, and Rest of LATAM
- Middle East and Africa EV Fast-Charging Infrastructure Market
- By application
- By connector type
- By charging power
- By country – U.A.E., South Africa, Saudi Arabia, Egypt, and Rest of MEA
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